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Congresswoman Schwartz Response to JOBS Act Inquiry

I wrote my Congresswoman, the Honorable Allyson Schwartz, asking her to encourage the SEC to issue the guidelines on crowdsourcing capital, as directed by Congress in the Jumpstart Our Business Act ("Jobs" Act. Here is her response:

As I work to address the
needs and concerns of American families and businesses across the 13th
Congressional District, it is important that I hear your views. I want you to
know that I always take your views into consideration as I work to make the
right decisions to revitalize our economy, invest in our future and meet our
obligations. I appreciate you taking the time to contact my office and I want to
share my views regarding our economy.

We have a lot of work to
do to strengthen our economy. To succeed, we must restore consumer and investor
confidence and ensure American businesses can compete in a global economy.
Economic competitiveness can be achieved through a skilled workforce; balanced
tax policy; and investments in innovation, education and infrastructure. As a
senior member of the House Budget Committee and Vice-Chair of the moderate,
pro-business New Democrat Coalition, I am actively working to identify and enact
reforms that will reduce our nation's deficit while spurring economic
growth.

Our region has
remarkable assets, including a skilled workforce, dozens of leading colleges and
universities, and diverse industries ranging from manufacturing to biotechnology
to financial services. We also face significant challenges, with far too many
Pennsylvanians out of work and too many businesses worrying about the economic
uncertainty facing our nation. To reach our full potential and promote private
sector economic growth both nationally and in our area, we must incentivize
businesses to grow here in the United States. That is why I am a cosponsor of
the Bring Jobs Home Act (H.R. 5542), which provides tax
incentives for companies to relocate businesses in the U.S. and eliminates tax
breaks for companies that ship jobs overseas.

I am proud that
Pennsylvania companies are on the front lines of innovation, and I have taken a
lead role in enacting laws such as the "Research and Development Tax Credit"
that enable businesses to grow and thrive. In Southeastern Pennsylvania,
research, medical innovation and the life sciences industries are vital to our
economic growth. By increasing access to capital and encouraging investment and
hiring, we are ensuring that the ideas, technology and products of tomorrow are
made in America today.

The American economy has
come a long way from 2008 when we were losing 800,000 jobs a month. In the last
27 consecutive months, the private sector has added more than 4.25 million jobs,
and more jobs were created in 2011 than in any year since 2005. While we are
seeing signs of growth, too many Americans are still out of work and too many
families are struggling.

To strengthen the
American economy, we must promote emerging industries to enable American
companies to remain on the frontlines of innovation, ensure every American has
access to affordable educational opportunities to build a successful workforce,
and invest in transportation and infrastructure that will rebuild our local
economies and reinvigorate our communities. Please be assured that I will
continue to fight for opportunities for American businesses to thrive and the
private sector to flourish.

Again, thank you for
contacting me and please do not hesitate to reach out to me in the future for
more information or if I can help in any way. I will continue to work on your
behalf to ensure the federal government is fiscally responsible, accountable,
and responsive to my constituents.

Sincerely,

Allyson Y.
SchwartzMember of
Congress

I also wrote to Senators Casey and Toomey, but have not received a response.

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About Me

Grew up in Memphis, worked my way through the local university, married my high school sweetheart - still married 42 years later. Played in a rock band, couldn't make a living, became a CPA. Raised two great sons. Moved all over the U.S. with different finance and management jobs. Now working with multiple start-ups as an investor and advisor.